Credit Suisse is the latest financial institution targeted in the government investigation into alleged wrongdoing in the sale of residential mortgage-backed securities. New York Attorney General Eric Schneiderman filed a lawsuit today claiming the banking giant misled investors about the quality of the home loans packaged into nearly $94 billion of RMBS. The action, filed in New York State Supreme Court, claims that Credit Suisse told investors it carefully assessed the loans and loan originators [more]![]()
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